About your Search

20121201
20121231
Search Results 0 to 7 of about 8 (some duplicates have been removed)
months starting with the automaker purchasing 200 million shares by the end of this month. phil lebeau has more. >> carl, you can almost hear the sighs of relief coming from the gm headquarters in detroit. they have been calling for this for some time. here's what's going to be happening. you mentioned that the government is going to be exiting general motors, not happening all immediately. it's going to take some time, 12 to 15 months. they're going to do a dribbleout is what they're saying. gm is purchasing 200 million shares from treasury at $27.50 a share, about $5.5 billion. and treasury will sell the remaining 300 million shares through various means. that disposition, as we mentioned, earlier we heard from the head of the t.a.r.p. program, they're going to be starting to eliminate the gm shares in january of next year. so starting next month. remember, treasury originally invested $49.5 billion in general motors back in 2008 and 2009. and if we take a look at shares of gm going back to the ipo, remember, the ipo price was $33 a share. for the government to have fully made back a
in a giant bow. that basically represents bows standing in the house. h beau's standing in the ouse. also have a special activity prepared for the young people who visit the white house this year. we thought it would be fun to give them a book market checklist that instructs them to find all of the hidden demint located in eight rooms in the white house. we hope that will keep kids busy while parents are looking at christmas cards. these are just a few of this year's highlights and i could go on and on but i know we have cookies to decorate and things to do but what i have to tell you is that this would not be possible if it were not for the 85 that does volunteers like jennifer who took time out of their busy lives to come from all parts of the country to help us decorate this house. it happens overnight. literally, once the tree is delivered, it is a matter of days before this house is transformed into what you see. it is because people like jennifer who come in and build bonds and share stories about their grandchildren and they are as dedicated as jennifer is to making this house beau
for movie sales in over a decade. "breaking dawn" got bumped down after three weeks at the top. and beau is front and center. first lady michelle obama selected a photoby an iowan artist, she called the moment very surreal. >>> the relationship between president obama and house speaker john boehner can sometimes seem tense and awkward, so snl decided to try and explain it. >> in order to get the support of the speaker, i agreed there would be no tax increases, i repeat, zero tax increases. why would i do that? i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell them what your so called friends did to your office desk? >> it was a rubber snake. >> a rubber snake
to dump its remaining stake in general motors at a big loss, sizable loss. phil lebeau joins us again. 12 hours later, there you are, here i am. >> it's interesting what the exact loss will be. we won't know until the government has fully unloaded its entire take in general motors the treasury department owns 500 million shares of general motors. today it is selling 200 million back to gm at 27.50 a share, that's an 8% premium compared to where the stock traded yet. 300 million shares remain. they'll be unloaded systematically by mid 2014. the treasury will not recover all the $49.5 billion that it put into general motors but it will lower its investment stake. this is a pie chart that really shows how much of a stake the different stake holders have here. the government will now have 2 -- 22% once it sells its shares back to general motors. they're going to have $38 billion in liquidity. the company will be underneath the t.a.r.p. pay restrictions. gm shares got a nice pop. they closed at 2718. that is the high going back to february of this year. we were wondering if they close over 27.
by 50% in the second quarter of this year. our phil lebeau is live to tell us why this is happening. phil? >> reporter: it's all about uncertainty, carl. this is a troubling statistic. i want to show you a chart we received which monitors 20 million small business loans with 17 million businesses around the country. look at the falloff here in terms of the amount of investment made by small manufacturers. what you want to look at is towards the end in the third quarter. it fell off dramatically. well, according to pay net, small manufacturers cut their investments in plant, in equipment by 50% in the second quarter. one of the troubling sectors transportation equipment, the investment there for those manufacturers fell off by 33% and according to the folks at pay net this comes down to manufacturers pulling back because of uncertainty. >> there was certainly a lot of uncertainty about how to implement affordable health care. how to react to the tax rates that were coming down pike, whether or not the deficit problem was going to be addressed. >> reporter: bottom line, uncertainty ab
! >>> welcome back to "squawk on the street." i'm phil lebeau with breaking news regarding boeing and the 787 dreamliner. there has been a second dreamliner that has run into problems, once delivered into service, this one solving a cutter airway 787 on delivery from the united states to london. just a few days ago. it has been grounded in london. according to the ceo of cutter qatar airways, he says that the airplane developed a generator failure while in flight. now, it was not an emergency landing but a generator failure is what he says. we've talked with boeing this morning. they say they are aware of the issue. they're not sure it was a generator that failed on the qatar airways 787, but the significance of this is remember on december 4th, it was a united 787 that had to make an emergency landing in new orleans because one of the generators failed on that airplane. there are six on these airplanes. and remember, the 787 was designed to use six generators, electric power so that near nth not using power from the engines, part of the fuel efficiency that goes into the planes. the question
is the thing. the 501(c)3 exemption was added to this tax code in 1917. as beau said, there are more than 1 million registered 501(c)3s right now and poverty is at its historic high. if you're a business, that's a model one could argue isn't working. we're letting the market decide. we're letting the american people decide. do you want to give $50, $75, $100 on givelocally.net? >> how do you pay your expenses? >> as a start-up with investment, we create jobs and pay our people. but beau, who is the ceo and i take no money out of it. but we're trying to build value. >> but do you guys own the company? you're the shareholders of the company? >> we own the co >> is there a percentage of the donation that goes to overhead or how does that work? >> there's a transparent 18 cents on every dollar that goes for our keep the lights on fee is how we list it on the site. >> 18 cents for every dollar? >> yes. but i want to help a single dad in new york who has two kids in school or something. i'm from -- let's say you're from california. i want to help a single mom in california with a medical need. yo
Search Results 0 to 7 of about 8 (some duplicates have been removed)